U.K. Consumer Confidence Falls in February

Consumer confidence in the U.K. fell in February as shoppers contend with increased prices and Brexit uncertainty, new figures show.

GfK's Consumer Confidence index fell to -6 in February, down from -5 in the previous month amid signals that consumer spending is starting to weaken as prices rise.

"Against a backdrop of rising food and fuel prices, sterling depreciation, nominal earnings growth and a burgeoning fear of rapid inflation, concern about our personal financial situation for 2017 has contributed to a drop in UK consumer confidence this month," GfK's head of market dynamics Joe Staton said Tuesday.